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AIG. Are they for real? they have no shame..

WASHINGTON — Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company's meltdown said Tuesday.

The tab included $23,380 worth of spa treatments for AIG employees at the coastal St. Regis resort south of Los Angeles even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy.

 
ny.chica

Asked by ny.chica at 12:07 AM on Oct. 8, 2008 in Politics & Current Events

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Answers (8)
  • You heard that on the debate, you wouldnt of even known that if you hadnt of heard it tonight. Hear is thing, First, Americans need to step up to the plate and pay there bills, Second-- If you knew you couldnt afford that 500,000 home then why get a loan for it. Thirdly--If you see your current job state, pick up a part time job at McDonalds or Burger King that will help you make your monthly bills.


    let me guess, is this the same anonymous coward who said they were tired of hearing the poor complain? Phil Gramm, is that you?


    what about AIG?  don't you think they should pay THEIR own damn bills?

    autodidact

    Answer by autodidact at 4:39 AM on Oct. 8, 2008

  • The retreat didn't include anyone from the financial products division that nearly drove AIG under, but lawmakers were still enraged over thousands of dollars spent on catered banquets, golf outings and visits to the resort's spa and salon for executives of AIG's main U.S. life insurance subsidiary.

    "Average Americans are suffering economically. They're losing their jobs, their homes and their health insurance," House Oversight Committee Chairman Henry Waxman, D-Calif., scolded the company during a lengthy opening statement. "Yet less than one week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation."

    ny.chica

    Answer by ny.chica at 12:07 AM on Oct. 8, 2008

  • Ugh.
    DusterMommy

    Answer by DusterMommy at 12:11 AM on Oct. 8, 2008

  • check out the copy of the bill

    http://www.foxbusiness.com/pdfs/AIG_hotel_bill.pdf
    ny.chica

    Answer by ny.chica at 12:12 AM on Oct. 8, 2008

  • You heard that on the debate, you wouldnt of even known that if you hadnt of heard it tonight.
    Hear is thing, First, Americans need to step up to the plate and pay there bills, Second-- If you knew you couldnt afford that 500,000 home then why get a loan for it. Thirdly--If you see your current job state, pick up a part time job at McDonalds or Burger King that will help you make your monthly bills.
    Anonymous

    Answer by Anonymous at 12:15 AM on Oct. 8, 2008

  • what? I'm trying really hard to make sense of what you are trying to say. If the government just gave IAG a bunch of money to save their behind there is no reason to waste money on a trip like this. what does that have to do with working at mcdonalds? did you even take the time to read teh article?
    ny.chica

    Answer by ny.chica at 12:18 AM on Oct. 8, 2008

  • They should definitely have to pay that money back to the government and those execs should be fired.
    momandvet

    Answer by momandvet at 2:07 AM on Oct. 8, 2008

  • I saw this on the news. They are having a Congressional hearing over this. Remember the Feds are looking hard into this, this is exactly why some of Enron's CEO's are sitting pretty in prison.
    Anonymous

    Answer by Anonymous at 4:57 AM on Oct. 8, 2008